Photo: RNZ / Nate McKinnon
Rents might have eased but New Zealand renters still have to spend about 40 percent of an average individual's income on rent each month, new data shows.
Property Knowledge has released a new report in conjunction with property managers Property Brokers, which tracks how rents compare to earnings around the country.
It shows while at a national level, renters spent 40 percent of their income on rent in August, Wellington is the cheapest region, at 34 percent, while Bay of Plenty renters are spending 47 percent.
In dollar terms, Otago and Auckland have the highest rents. Otago had the highest monthly average recorded over five years between January 2020 and August 2025, at $3033.
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